About your Search

20121116
20121116
Search Results 0 to 0 of about 1
all of us beginning in 46 days from now. economists warn a likely recession all over again. craig bosswell is following this one for us. >> reporter: it's the first step toward finding a compromise. >> we're all aware that we have some urgent business to do,. >> reporter: president obama sitting between leaders for both parties looking for a way to avoid the so-called fiscal cliff. >> we have to make sure taxes don't go up on middle class families. that our economy will remain strong. that we're creating jobs. >> reporter: the fiscal cliff is a combination of tax cuts that expire at the end of the year, and spending cuts that kick in on day one of next year. >> to show our seriousness, we have put revenue on the table. as long as it's a companied by significant spending cuts. >> reporter: the automatic spending cuts total $1.2 trillion in two years, half of the defense spending. >> without exception believe we're in the dilemma we're in because we tax too little but because we spend too much. >> reporter: on taxes, president obama wants rates increased on those making more than $2
Search Results 0 to 0 of about 1

Terms of Use (10 Mar 2001)